Stocks to watch: These small-cap stocks will be in focus on Wednesday!
Swan Energy, Chennai Petroleum Corporation, Krishana Phoschem, Tamil Nadu Newsprint & Papers, Gillanders Arbuthnot & Company, Technocraft Industries (India), Shivalik Bimetal Controls, Vedant Fashions, Usha Martin and Hitech Corporation made a fresh 52-week high today.
On Tuesday, the Indian equity markets failed to extend Monday’s upward momentum and slipped on the account of profit booking. The headline indices Nifty 50 and Sensex closed the session in the red territory at 17,957.40 and 60,176.50, down by 0.53 per cent & 0.72 per cent, respectively.
On the contrary, BSE Smallcap index jumped 1.37 per cent, closing at 29,582.49. The Top Gainers of the index include Sunflag Iron & Steel, SVP Global Textiles, Omaxe, Chennai Petroleum Corporation, and Latent View Analytics. On the other hand, the top losers comprise Future Lifestyle Fashions, Rushil Decor, Swelect Energy Systems, MEP Infrastructure Developers, and Rossell India.
The following small-cap stocks are likely to be in focus on Wednesday, April 6, 2022:
D B Realty – The company intimated to the bourses that it has recently entered into a memorandum of understanding (MoU) with Shiva Group Companies and their existing shareholders to acquire the entire equity shares of Shiva Group Companies. The shareholders of Shiva Group Companies will transfer equity shares to D B Realty upon full payment of acquisition consideration. Thereafter, they will become wholly-owned subsidiary companies of D B Realty.
Coforge – The company has established a strategic alliance with Kong Inc. Kong powers reliable digital connections across APIs, hybrid and multi-cloud environments. Under this alliance, Coforge aims to transform application delivery by adopting modern API development principles, architecture & global standards, driven by Kong’s API and cloud connectivity solutions. As part of the alliance, Coforge will provide advisory, development, support & maintenance services for cloud connectivity solutions across India, APAC, US, UK, and European markets.
Ramkrishna Forgings – The company announced that it has received the biggest recent export order worth Rs 135 crore from a Euroasian OEM manufacturer for the heavy-duty commercial vehicle crankshafts (06 CYL) business, which is to be executed in the next five years.
KEC International – The company informed the exchange that it has secured new orders worth Rs 945 crore across its various businesses.
52-week high stocks – Swan Energy, Chennai Petroleum Corporation, Krishana Phoschem, Tamil Nadu Newsprint & Papers, Gillanders Arbuthnot & Company, Technocraft Industries (India), Shivalik Bimetal Controls, Vedant Fashions, Usha Martin and Hitech Corporation made a fresh 52-week high today.
Keep an eye out for the above-mentioned small-cap stocks on Wednesday, April 6, 2022.